It’s The Economy, Stupid

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No, this is not about politics, although the original phrase was coined by James Carville in 1992 in connection with President Clinton’s successful 1992 presidential campaign.  According to Wikipedia, the original phrase was, “The economy, stupid”, but is often mistakenly rendered as, “It’s the economy, stupid.” Obviously, the state of the economy and the outlook … Continued

Consumer Confidence Hits 18-Year High

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The U.S. consumer confidence index rose in October to an 18-year high, amid optimism about jobs and the economy, according to the New York-based Conference Board. It is also probable that improving consumer confidence may be, at least in part, attributable to broad gains in wages.  Specific wage gain calculations are complex and single data … Continued